Lluvia De Bendiciones Group
Update on Lluvia De Bendiciones GroupThis group is made up of four enterprising members, one of whom is 45-year-old Blanca, who is married with two grown-up children of 22 and 20. She has been running her grocery shop for more than 5 years with the help of her children. She will use the loan to buy grains such as rice, beans, sugar, oil, salt, toilet paper, beef, chicken, dairy products, popular pharmaceutical products, snacks, various soft drinks, ordinary bread and sweet bread, as well as bales of used clothing.
Tatiana, who is 23, sells Avon cosmetics and new clothing, Miriam, who is 53, sells silver jewellery and 28-year-old Darling sells motorcycle parts.
Previous Loan DetailsThis group was formed by three successful members. One of them is Blanca, who has had a grocery store in her home for five years. She started her business selling general merchandise and with her profits started acquiring grocery products until she was able to set up her store. She's going t... More from Lluvia De Bendiciones Group's previous loan »
About ADIMLocated in Central America, ADIM is a small microfinance institution with a strong social focus. In the saturated microfinance market of Nicaragua, ADIM stands out for its emphasis on the holistic development of women as well as its provision of responsible financial services. Founded in 1989 by a small group of Nicaraguan women, this institution has remained true to its initial goal of providing its clients (90% of which are women) with an opportunity for economic growth, in addition to personal and professional empowerment. Supporting an ADIM borrower means contributing not only to the continued offering of the socially conscious services it provides, but also to the sustainable growth of a truly unique microfinance institution.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
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Success!! The loan was 100% repaid